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Estimates Of Government Intervention Levels In U.S. Peanut Markets


  • Miller, Bill R.
  • Mabbs-Zeno, Carl C.


Unilateral liberalization of U.S. peanut policy was evaluated using a model of U.S. and world peanut supply and demand. Under the proposed policy, world peanut price would rise slightly to $.20 per pound at the U.S. farm level. U.S. production would decline by 578 million pounds per year and would be offset by imports of 582 million pounds. U.S. net farm income would fall by $405 million per year. Lost income per farm would be $21,000 per year while the average outlay of consumers would decrease by $.84 per person at farm level price. Government expenditures would be virtually unchanged because of the market orientation of current policy.

Suggested Citation

  • Miller, Bill R. & Mabbs-Zeno, Carl C., 1992. "Estimates Of Government Intervention Levels In U.S. Peanut Markets," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(01), July.
  • Handle: RePEc:ags:sojoae:30353

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    References listed on IDEAS

    1. G. Edward Schuh, 1976. "The New Macroeconomics of Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(5), pages 802-811.
    2. Kaldor, Nicholas, 1970. "The Case for Regional Policies," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(3), pages 337-348, November.
    3. Eisner, Robert, 1988. "Extended Accounts for National Income and Product," Journal of Economic Literature, American Economic Association, vol. 26(4), pages 1611-1684, December.
    4. Vaciago, Giacomo, 1975. "Increasing Returns and Growth in Advanced Economies: A Re-evaluation," Oxford Economic Papers, Oxford University Press, vol. 27(2), pages 232-239, July.
    5. Mueser Peter R. & Graves Philip E., 1995. "Examining the Role of Economic Opportunity and Amenities in Explaining Population Redistribution," Journal of Urban Economics, Elsevier, vol. 37(2), pages 176-200, March.
    6. Irving Hoch, 1979. "Settlement Size, Real Income, and the Rural Turnaround," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 953-959.
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    Cited by:

    1. Boonsaeng, Tullaya & Fletcher, Stanley M. & Carpio, Carlos E., 2008. "European Union Import Demand for In-Shell Peanuts," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(03), December.

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    Agricultural and Food Policy;


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